HSBC deal for KEB stake shows its use of acquisitions

Article Abstract:

US private equity company Lone Star Funds does not anticipate legal complications in the selling of its 51% stake in Korea Exchange Bank to UK financial services firm HSBC Holdings PLC. The deal, valued at $6.3 bil, indicates HSBC's willingness to grow via acquisitions if organic growth is insufficient.

Commercial Banks, Strategy & planning, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Real estate investment trusts, Real Estate Invest Trusts, United Kingdom, Planning, Financial services industry, HSBC Holdings PLC, Company business planning

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South Korea's Chohung is sold

Article Abstract:

Chohung Bank, a South Korean firm controlled by the government, has been acquired by Shinhan Financial Group. Shinhan acquired the goverment's 80.04% share in Chohung.

Chohung Bank, Shinhan Financial Group Co.

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Commerzbank to reduce stake in lender

Article Abstract:

Lone Star Funds will acquire part of Commerzbank AG's share in Korea Exchange Bank. Lone Star will acquire 51% of Korea Exchange in the deal.

United States, Commerzbank AG (Frankfurt, Germany)

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